Toth Financial Advisory Corp grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,326 shares of the social networking company’s stock after buying an additional 119 shares during the period. Toth Financial Advisory Corp’s holdings in Meta Platforms were worth $776,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in Meta Platforms in the 2nd quarter valued at $1,559,000. Quarry LP boosted its stake in Meta Platforms by 208.3% during the second quarter. Quarry LP now owns 259 shares of the social networking company’s stock valued at $131,000 after buying an additional 175 shares during the period. Truist Financial Corp grew its position in Meta Platforms by 4.4% during the second quarter. Truist Financial Corp now owns 886,858 shares of the social networking company’s stock worth $447,171,000 after buying an additional 36,981 shares in the last quarter. Advisory Alpha LLC increased its stake in Meta Platforms by 30.4% in the 2nd quarter. Advisory Alpha LLC now owns 4,294 shares of the social networking company’s stock worth $2,165,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 2nd quarter valued at about $201,000. 79.91% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Meta Platforms
In other news, COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $567.58, for a total transaction of $234,410.54. Following the sale, the chief operating officer now owns 10,294 shares in the company, valued at $5,842,668.52. This represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas Clegg sold 7,296 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the completion of the transaction, the insider now owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. The trade was a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 602,612 shares of company stock valued at $368,414,542. 13.71% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Meta Platforms
Meta Platforms Price Performance
META opened at $674.33 on Wednesday. Meta Platforms, Inc. has a 12-month low of $387.10 and a 12-month high of $682.58. The company has a market cap of $1.70 trillion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $606.30 and a two-hundred day simple moving average of $562.78.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The business had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Research analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.
About Meta Platforms
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
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